Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods in Alabama
SMU01000003100000030 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,119.74
Year-over-Year Change
12.75%
Date Range
1/1/2001 - 6/1/2025
Summary
This economic indicator tracks the average weekly earnings of production employees in the manufacturing sector of durable goods in Alabama. It provides insights into wage trends and labor market dynamics in this key industry.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods in Alabama is a monthly economic statistic that measures the average weekly compensation for production workers in the durable goods manufacturing industry within the state. It is a useful indicator of employment conditions and consumer purchasing power.
Methodology
The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely monitored by policymakers, economists, and industry analysts to gauge the health of the manufacturing sector and broader state economy.
Key Facts
- Alabama's durable goods manufacturing sector employs over 250,000 workers.
- Average weekly earnings in this industry have increased by 12% over the past 5 years.
- The durable goods sector accounts for nearly 30% of Alabama's total manufacturing output.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the average weekly earnings of production employees in the durable goods manufacturing industry within the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into wage and employment dynamics in a key sector of Alabama's economy, which is important for understanding consumer purchasing power and the overall health of the state's manufacturing industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of establishments by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and industry analysts closely monitor this indicator to gauge the strength of Alabama's manufacturing sector and broader state economy.
Q: Are there update delays or limitations?
A: This data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods in Alabama (SMU01000003100000030), retrieved from FRED.